Review of the new free X1 card

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There is a new credit card in the market targeting a younger generation of cardholders who prefer state-of-the-art financial products, sleek designs, and rewards for their daily spending.

The X1 card, unveiled a year ago and backed by technical leaders like PayPal co-founder Max Levchin, has now officially launched to the public, starting with its waiting list of more than 350,000 people. While its 17 grams of stainless steel are a modern addition to anyone’s wallet, the card’s built-in smart technology helps it stand out as what the company calls “the smartest credit card ever. created “.

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What makes him so smart? X1’s technology allows cardholders to cancel subscription payments with one click and automatically end free trials with auto-expiring virtual credit card numbers. Cardholders can also receive instant notifications about refunds and create one-time use virtual cards (disposable card numbers), allowing for anonymous spending without disclosing your personal information.

The X1 card also stands out with its higher credit limits. The issuer examines an applicant’s current and future earnings to establish credit limits and interest rates, rather than basing these factors solely on their credit rating. This means that a cardholder is more likely to be able to achieve a higher credit limit than with any other traditional credit card – up to five times higher, according to the company’s website.

A higher credit limit means you have a better chance of getting a lower credit utilization rate (your total balance divided by your overall credit limit), which improves your credit score. And if you want to pay your balance more than once a month, cardholders can set up automatic payment on a weekly or bi-weekly basis.

Below, we take a closer look at the rewards and fees for the X1 Card.

X1 Card Rewards

The The X1 card offers a rewards program that gives unlimited points for every purchase made by a cardholder. Here is the structure of the rewards:

  • 2X points for every $ 1 spent
  • 3X points on every $ 1 spent for the year, if you spend more than $ 15,000 on the card that year
  • 4X points for every dollar spent in a month for every friend you refer. For example, refer and enroll 10 friends and you will get 4X points on every single purchase for 10 months (30 days for every friend referral).

Points redemptions are limited to purchases from certain brands, but there are a wide variety of tech, fitness, retail, and travel options including Airbnb, Apple, Asos, Casper, Crate & Barrel, Glossier , Nike, Patagonia, Peloton, REI, Sephora, Supreme, Wayfair and more.

There are also a few travel brands, including airlines like Alaska, American, Delta, JetBlue, Southwest, and United, as well as transportation (Zipcar) and accommodations like, Hotel Tonight, and Vrbo.

Courtesy of: Coastal Community Bank

In addition to its smart technology and rewards program, the X1 card is part of the Visa Signature network, enabling cardholders to use it at more than 46 million merchants worldwide.


The X1 card has no annual fees, no late fees and no foreign transaction fees, so international travelers can use it anywhere in the world that accepts Visa at no additional cost.

Variable interest rates range from 12.75% to 19.75%, which is the lower end. The card balance transfer fee is also particularly low, 2% (most cards charge a 5% transfer fee on balances). There is no introductory 0% APR period on balance transfers or new purchases.

At the end of the line

The The X1 Card is certainly an attractive option for a new generation of young cardholders. Its smart technology, modern look, strong rewards program, and promise of a higher credit limit make the card appealing to those looking for something a little different.

Plus, the card is an affordable choice. It has no fees, interest rates on the lower end, and particularly low balance transfer fees.

There are some drawbacks to how you can redeem your rewards with the X1, and some may prefer a credit card with more flexible redemption offers.

With the Wells Fargo Active Cash℠ card with no annual fee, for example, cardholders earn unlimited 2% cash rewards on their purchases and can use them as a statement credit on their credit card balance.

Another no-annual fee card to consider is Chase Freedom Unlimited®, which offers new cardholders 5% cash back on grocery store purchases (excluding Target® or Walmart® purchases) up to $ 12,000 spent. in the first year, 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on drugstore purchases and meals (including eligible takeout and delivery services), and 1.5% off cash back on all other purchases.

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Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.

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